National Treasury and Economic Planning CS John Mbadi pose for a photo with a briefcase containing the 2026/2027 budget statement at Parliament Buildings, Nairobi, on June 11, 2026.
National Treasury CS John Mbadi’s 2026/27 budget outlines a Sh4.82 trillion spending plan anchored on zero-based budgeting and a pledge to avoid new taxes while broadening the tax base to raise Sh3.6 trillion in revenue.
It projects a Sh1.2 trillion deficit, to be financed through Sh995 billion in domestic borrowing and Sh116.1 billion in external borrowing, alongside a shift to zero-based budgeting that requires ministries and agencies to justify all expenditure from scratch.
